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. they were passing right-to-work laws. they were receiving lots of funding from the federal government to build military installations at a time when the united states was involved in the cold war against the soviet union. so states like mississippi, states like georgia and texas and florida and southern california, arizona, north carolina are all being transformed in the post-world war ii period by this historic shift in population and political influence. just think about it. really does three from 1964 to two dozen eight could be thought of as kind of the carried of sun belt dominance in american presidential history. if you think about every president elected from 1964-2008 comes from a state of the sun belt. lyndon johnson from texas, richard nixon from california, gerald ford was never elected. he was not even elected vice president. he was a michigan. jimmy carter from georgia. ronald reagan from california. first george bush, texas by a connecticut. bill clinton from arkansas, and the second bush from texas. so 2008 is in some ways a watershed election. it is this 40 year perio
-- the t.s.a., f.a.a., all through the federal government, lay people off, this is real, because they seaport negotiations are not getting anywhere near a deal and they have to prepare for the cutting side of the fiscal cliff, not just the taxes. >> o'donnell: and, nancy, if there is no deal, what happens next on monday? >> reporter: essentially we move to plan b, where senates democrat introduce their own plan in the senate that caps the bush tax cuts ap at $250,000 or less, extends long-term unemployment benefits, maybe imposing spending cuts to push off the sequester for six months or a year and we see if the republicans allow a straight up-or-down votes that only requires 50 senators to vote yes or if we have to go to a 60-vote threshold. democrats think they can get the seven republicans they need-- they think they might be able to get up to 10 who have signaled they could go along with something like this. that's not the end of the road. even if it passes, it has to go to the house and that's a tricky road as well. >> o'donnell: let's turn now to our senators who are here.
originally called in response to set oralism in government, which i prefer -- secularism in government, which are for. a country which invites everyone into it, all religions and nationalities, must by definition be secular. any religious direction we choose is going to favor somebody, and i thought that is what we were trying to avoid. at least i thought that is what jefferson meant when he talked about religious freedoms. host: ok. caller: freedom from religion. host: when you go to vote in a presidential election or congressional election, what are the big factors in your decision? caller: usually economic. i did not consider -- i don't consider religion unless it interferes with some legislation. it plays a very little role in my life. host: would you call yourself unaffiliated religiously? caller: relatively i am an atheist. so, yes, i am unaffiliated. host: here is the "christian science monitor," their cover. the new face of faith. what is happening in new england, the countries most secular region, may have a future of american religion. traditional religions are seeing their ranks th
. this morning they approve and extension of the farm intelligence v it allows the government to continue intercepting overseas communication. it extends legal immunity phone companies that help the government wiretap the domestic phone calls. president obama plans to sign the bill. when the senate is back we are expecting senators to continued work on the $60 billion hurricane sandy relief package. negotiations continue on avoiding the so-called fiscal cliff. both parties head to the white house today to discuss the fiscal cliff with the president. it's at 3:00 p.m. eastern in the oval office. senate in recess until 2:00 p.m. eastern when the senate reconveneses, live coverage here on c-span2. >>> and right now on c-span2 a conversation with nebraska senator ben nelson who is retiring after two terms. >>> retiring senator nebraska ben tell me sop. years that began with the 2003 recount and reended with re-election of president obama. if you could think of the adjective to describe these years what would it be? >> clearly interesting. challenging. sometimes totally frustrating. but also f
bit of fear into these people. it just shows the control the wealthy have over the government in both parties. host: more from "the washington post." they write -- back to the telephones. derrick from maryland on the line for democrats. your thoughts about the fiscal clause bill. caller: i think they will do a good deal if they can keep mitch mcconnell out of there. one of the things i really have a problem with, that is when thing i say democrats, let's get the ground game for 2014. republicansd of the at enter the house. let's take the house and just ran it all down their throats. host: we will move onto glen on the line for independents. caller: here is the problem that we have a. we have people that are working hard for the american people. we have a constitution. we have deviated from the constitution. host: who are the people working hard for the american people? caller: the american citizens. it takes two american citizens -- your mother and father have to be american citizens to be the president of the united states. we need to have a confirmation hearing. on the birth certifi
a message from the tea party members everywhere. destroying government is not good politics. you are acting against the majority rule right now. you are trying to bring down the majority government by obstruction. people will remember. people who believe in government will remember it. people who believe in national defense and social security and medicare. they will know which party is trying to destroy working democracy in order to pursue its political ends. they will know who respects the voter and who thumbs his nose at the voter. we go over this cliff and you will not have to ask for whom the bell tolls, it will be tolling for you. leading off tonight, josh green and chris frates of "national journal." you don't have to be as clear as i but try, gentlemen, tonight. it looks to me like one party, once again it's asymmetric. both parties are not screwing around, one is. is that true? >> i think both parties want to go over the cliff. >> both want to go over the cliff? who will get blamed? >> i think republicans will get blamed, but i think republicans at this point fear casting a career-
basic expansion of knowledge through a government funded entity like nasa -- is that the way we should go? my personal feeling is there is a tremendous value over time that has come close from demand i do believe robotics will be on the time scale of the next 20 years as -- or so. probably as they make predictions, which is always hard. it will have more economic impact on how we were driving our cars and fly our planes and how research is being performed. it is my belief if you go through 30 or more years, that prediction will be a lot tougher to make. want to put the human in the loop and go to places where you do not know where you are going, and two exploration the help of sun cover aspects of our experience and did all aspects of technology that will have tremendous impact. even though they examples you mention are compelling, there are many aspects that come from a human side of nasa as well. i would not subscribe to that kind of recommendation. >> lower the emphasis a bit. >> making a distinction between science and exploration, nasa is more than just a science agency, it is an
communications are looked at by the government. people want amendments. unfortunately congress once again is acting at the last minute trying to renew something about to expire and there is probably not the time to do revisions that are necessary. that's a problem here. harris: because critics want this to be revised as you just put it. the white house doesn't. it wants it to pass the way it is. a lot of people are in favor of it because it is helping to keep us safe since there is homegrown terror in the united states and we need to find it. i want to if which have the words put it up on the screen. kentucky senator rand paul had this to say on the senate floor yesterday. and what he was basically saying is that this interferes and disputes the power of the fourth amendment. and that it needs to be changed. again, dan, you say we may not see any changes to it because the deadline is tuesday? >> it is really important to note that even the supporters of renewing acknowledge there needs to be reform. there needs to be more oversight. we need to know more how the fisa court works. we want m
, to pay for more government spending that doesn't help us with the deficit. and you hear members of congress, your republican colleagues who say, in my district, they don't want more spending. and that's how they see this money being spent. >> two things i would say. first of all, that is not the democratic position. no one that i know of is arguing that all of the increased revenue should go for increased spending nap simply isn't the case. by the way not having the sequester doesn't mean increased spending. it mean not having spending cuts. i voted against the idea of a sequester. i think it's not right way to do it. what the republicans want to do is spend more on defense. let me deal with this notion that republicans for cutting spending. you heard mitt romney criticize president obama because he's not spending enough on ships, which we don't need, and not staying long enough in the war zones. the republicans' view of spending is very particular one. secondly, as far as the american people are concerned, people in their districts, gee, if they represent districts in new jerse
an actual all-time high again. anyway, among the catalysts, a new pro-business government preparing to assume leadership, incoming prime minister shinzo abe. what is it, 50,000 that it has to get to? >> 39,000 i believe is the peak. >> who's counting, right? that's a ways off. >> yeah. far away. >> shinzo abe has been putting pressure on the bank of japan to raise its inflation target in hopes of extricating the country from two decades of deflation. i guess if you just raised the target -- >> that would help. >> okay. >> it doesn't matter what your target is if you can't hit it. >> we found that out here. >>> meantime, in europe markets are closed for the boxing day holiday. seems weird to do it just for a bunch of people to -- >> box up the gifts and return them. >> it's not a -- >> bad, i know. >> it is boxing. what kind of boxing are we -- boxer rebellion? >> i've never understood boxing day. >> we have to look it up. >> i literally have no idea. >> or it's on google. no, is there anything on google that is different? let me see. just a regular -- >> is there their our way to fi
the cultural revolution. why? he says, because then you knew the government was the enemy, now you're not sure. [laughter] so i said you already want to bring up about a democratic system. they said yes. i'm not a law teacher. so after they say how much they're all favored the market, i said that's a very interesting question, point. i favorite. i favorite, but i've noticed from what i've read that there are millions of people in china who make just a few dollars a day. and they are on the own land and they're not very rich really. and you have quite a lot of money i gather. i was told. and suppose they also look, we are in the majority, and justice money down you. we're going to take it all away from you and give it to us. and the one who started this, i said to you favor that? if that's the result. he said i am in favor of democracy, but maybe not right now. [laughter] so you see, it's like a tiger by the tail. so you start looking at the other side, and they are afraid of a certain kind of chaos or of a certain kind of, and so somehow you have to, you have to, now that, that is partly, that
that in three business days, the summit government is going to run out of borrowing capacity. john, if there were a treasurer in a business who went to their boss and said by the way, three business days, the working capital account dies and as a result, you are not going to make payroll next week, that person would be fired. we get three days notice about hitting the debt ceiling? that seems absurd to me. >> it is not a surprise.rise we have known we were coming to this point and there are two months more -- geithner estimated in that letter that the ways in which the federal government can manage money will give about would months worth of head room, possibly even longer. february or march or -- where we really get to the -- rubber hits the road on that issue. so -- this is not a shock to anybody in government but the publication of this letter and the elevation of the issues in attempt was done in 2011. there was an early moatfication by treasury this was about to happen, trying to get congress to move in a -- interest didn't work then. we will see if it works now. >> defaulting
government pays farmers. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. that has dad sean rasmussen worried. >> they have to have their milk. we might have to cut elsewhere. >> reporter: without new legislation government prices revert back to 1939 levels. back then the process was more laborious and farmers needed a higher subsidy to cover their costs. dan sumner says the new price of milk would be far above what it now costs dairy farmers to produce it. >> it really will be chaos. >> reporter: so we would go back to this old farm bill which would force the government to buy milk at an extremely high price. >> that's right. >> reporter: this could be a windfall for dairy farmers. >> well, here's the problem for dairy farmers. they don't want chaos in the milk market. it sounds good. gee, everybody will double or triple the price, but who's going to buy it? >> caller: nobody will buy it. >> nobody will
the syrian government from attacks its own men, women and children. and human rights group reporting the regime shelled a bakery and a rebel held town killing 20 people, including at least 8 children. we cannot independently confirm this, of course. meanwhile, russian officials say they are set to meet with the united nations special envoy to syria this weekend. russia has repeatedly blocked the united nations from taking action against the syrian government but has recently taken steps to distance itself from the syrian regime. egypt's president mohammed morsi portion of voters opposed the enough constitution. he is calling for dialogue now to address the divisions that has polarized the nation and led to mass protests. still he had nothing concrete to offer his opponents. new document passed in a referendum with nearly 64% of the vote. critics say it restricts freedom and expands the influence of islamic law. president morsi and supporters says moderate democratic state in fighting depression, dictatorship, nepotism and corruption. the holiday shopping season is drawing to a close
. if it cannot abe future that is 100% in accordance with its core beliefs and principles that's not governing. that's lobbing hand grenades. if you are only stabbeding on principle to appear taller, then you appear smaller, and the gop is shrinking daily before our eyes. if leadership casting vision, calling all your people to rise up, and we just watched what happened with lan b and speaker boehner trying to call his people to rise up, and you say his leadership really not in question unless paul ryan really wants it. do you think that people having these types of perspectives, like a mark mckinnan, that doesn't really ring true coming into the new year for speaker boehner. >> look, the problem for republicans and for moderate republicans like mark mckinnan is most of the people in the house are not of the mark mckinnan stripe. these are people who are from districts where they've won with 60% of the vote or more. the majority of them. the majority of their constituents don't want them to compromise on things that they find important like taxes. why someone like mitt romney winds up getting
is the federal government on?" rep. john lewis: i did ask the question. i did raise the question, "i want to know: which side is the federal government on? " because it appeared, in certain parts of the south, the federal government was not on the right side of history. it appeared that the federal government was not a sympathetic referee in the struggle for civil rights. we felt that the federal government could do more, the department of justice could do more, the fbi could do more, than just stand back and take pictures. we thought they could prevent some of the violence and protect people that were being arrested, being beaten and being killed. amy goodman: i'd like to play danny glover reading the excerpts of the speech that you didn't give. danny glover: "to those who have said, 'be patient and wait,' we must say that 'patience' is a dirty and nasty word. we cannot be patient. we do not want to be free gradually. we want our freedom, and we want it now. we cannot depend on any political party, for both the democrats and the republicans have betrayed the basic principles of the declaration o
day pain relief with just two pills. >>> look, look. >> this is syria today. government war plains bombed the city of homs. it happened in alep powe as well. at least 80 people are reported dead across the country today. air strikes like these or in street fighting. these twin boys were among the 160 people killed in syria yesterday. it is so tragic. this is where they died. the man who shot this video said that syrian military artillery hit their home. it happen add few miles from where more than a hundred civilians died in a government air strike just a few days ago. >>> a man sent to syria to try to negotiate the end to the civil war says it could be over in a come of months. he's meeting with both sides in damascus, the rebels as well as the leaders. he speaks for thenited nations, not just syria. >> translator: some say i have come here to market a russian american project. i wish i could. there is no russian american problem so hence i did not come to market it. >> i want to bring in richard ross. brahimi is somebody who's very well respect bud somebody who's optimistic. when
and scope of government in a way responsible to the voters of that midterm election. instead what we're almost certain to see is an expansion of government in the name of reintroducing it. we're likely to see much bigger government long term. we're not likely to deal with entitlement reforms as we need to do. as you suggest the president is pushing some short-term spending increases often in washington turn into long-term spending increases. gregg: but, steve, bill kristol, conservative, you know what, time to throw in the towel. you do not want to get blamed for raising taxes on 98% of americans. >> right. gregg: right? >> look, bill kristol is my boss and editor at "the weekly standard" and one of most handsome and well-regarded editors in the country as everybody knows. look, i think he was making what was, in effect a practical case. there are people who are making this case behind the scenes. you have seen, he said, get it over with. move beyond this. there are others saying absolutely not. republicans can't cave on the principle of raising tacks. i think interesting thing in wh
upsets me, because the government is supposed to be working for the people. and i don't see that. >> i wish they would hurry up and make a decision, one way or the other. >> reporter: today, even house chaplain's daily prayer -- >> as this chamber lies silent still -- >> reporter: reflected the painful wait for a deal to avert the fiscal cliff. >> send a spirit of wisdom and good judgment upon the leaders of congress that they might forge a solution to assuage the concerns of their fellow citizens. >> reporter: house gop leadership is did call members back to work this sunday, prepared to work through new year's. republican leaders say they would give in on higher taxes, but not more government spending. >> republicans aren't about to write a blank check or anything senate democrats put forward, just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: beyond the bitter politics is a real-world consequence. >> anyone who has regular salary or wage income, starting next week, is going to see 2% less in their paycheck because the
. but if the bill never arrives, what incentive do people have to stop spending? big government is great if you don't have to pay for it. well, now it's time to pay for the bill. maybe when the costs of the stimulus, the obamacare and exploding entitlements are finally deducted from their pay much checks americans will rediscover the virtue of smaller government." doesn't he have a point if we have expanded the size of government so much under president bush and president obama, isn't it time to see somebody pay higher taxes? >> well, the way to economic recovery and growth is not by raising tax rates on the very people that employ the workers you want to keep working. raising taxes is not going to provide the kind of growth that we need in the country to lift the people in the middle income and lower income brackets higher and to provide the capital that's necessary to invest in the markets to hire more people. that's why both senator schumer and i are committed to trying to resolve this cliff problem because -- yes, it would be a very difficult thing and if you want to go back into a recession an
, at least 10 states have passed laws that require people to show a government- issued photo id when they go to the polls. while supporters say the laws protect against voter fraud, others argue they're more likely to suppress voter turnout among people of color, the poor and proper id and find it harder to obtain one. in total, 16 states have passed restrictive voting laws that could shape the 2012 election, including the vital swing states of florida and pennsylvania. well, on monday, naacp president and ceo ben jealous made voting rights the center of his address to the group's annual convention in houston. >> we have a choice to make. we can allow this election to be stolen in advance, as politicians from pennsylvania and recently bragged about money thought no one was listening. talking about his state's voter id law. we can double down on democracy. and overcome the rising tide of voter suppression with a higher daughter of voter registration and mobilization and activation and protection. amy goodman: well, today we're joined by a leader of the civil rights movement who risked his lif
a archaic 1947 law, unless the new bill is passed by december 31st, the government will be forced to buy vast quantities of milk at twice the wholesale rate. two bills are in congress. the senate passed one for $23 billion in savings. the house is looking to enact 35 billion. the sticking point the full house of representatives hasn't approved the bill. >> the farm bill is like this low hanging ornament on the congressional christmas tree that if they just embrace it, they can automatically come up with tens of billions of dollars in budget savings. and then they can figure out where else they need to cut spending after that. >> reporter: the secretary of agriculture tom vilsack has said his department is preparing a case the permanent law comes into effect. temporary solution is to attach a farm bill extension to the fiscal cliff legislation. harris? harris: is there anything besides milk we need to be aware of? are we looking potentially at higher prices among many farming commodities for example? >> reporter: yeah. it is not just the cows. it is the crops too. it is possibility the go
. syria's government, however, today posted a statement on their syrian news agency website in which they blamed this on the actions of terrorists. that's the terminology they use for rebel fighters, opposition fighters in syria. they say that that town was targeted by terrorists and that because of that residents in that town called for the military, for the syrian military to intervene to help them to bring safety and restore security in that area. again, the residents we speak with clearly blaming the regime, and it's one day later and we hear of an attack on another bakery in the homs area. this is in the last few hours. you mentioned it a few minutes ago. we heard at least 15 killed, several children. very gruesome video. you see the corpse of a woman being pulled from the rubble there. the rage of the residents there about this happening is element indescribable. suzanne. >> is there any way of finding out? you have two very different stories. any way of finding out whether it's an international -- through an international body or people on the ground, who was responsible for b
reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ o@ ♪ sing polly wolly doodle all the day ♪ ♪ hah @ >> a new york newspaper faces black lash after publishing names and addresses of local gun owners. the journal news features a interactive map with detailed information on anybody with a handgun permit. the decision to put it on line is causing a major controversy. critics say it's a privacy violation and could make gun owners a target. the paper's report says angry callers even threatened staffers. david lee miller, a lot of people are speaking out against this paper for doing this, right? >> that's right. a lot of people are not happy with the journal news. in a follow uparticle the paper says thousands reacted enraged, callers complained their privacy was violated and personal safety was at risk. one critical website is po
on the capital. they're search-rich and is a former french colony. they say the government is not honoring a cease five including release of political leaders. >> back in the u.s., the storm has come and gone and at least 16 deaths are blamed on the weather. in hard-hit arkansas, more than 135 homes and businesses remain without power. edward lawrence reporting. >> reporter: snow blowers and plows are pushing through a foot of snow in the upstate new york. the icy snow is a challenge for those who only have a shovel. >> it's been brutal. >> reporter: the storm drops several inches in the northeast and new england making it hard to get out and get around. streets are a problem in west virginia and maryland. this woman skit off the road and hit a mailbox. >> we just lost control. yeah, pretty scary. >> reporter: the weather is part of the same mass av system that crossed the country this week dumping snow from the west coast to the east coast and creating powerful tornadoes in the south. bad weather continues to delay flights in the northeast. that's bad news for holiday travelers trying to
to be part of the deliberative process. he heads an entirely separate branch of government with an altogether different purpose. i think we need to go back to the way the government was designed to operate, and that is the deliberative function, in the legislative branch, both the house and the senate, acting independently. and then resolving their differences through conference. that process works, it works very well. this business of a couple of legislative leaders and the president going behind closed doors, coming up with some clever scheme, and then dropping it in the laps of the congress for a take it or leave it vote produces bad policy. in fact, bad process always produces bad policy, and that's what we're seeing. >> congressman, we've been seeing virtually no progress to date, but i hope folks have your optimism about not going over the cliff because of the disastrous implications. congressman mcclintock, thanks for coming on. >>> chuck hagel hasn't even been formally nominated to be the next defense secretary, and he's already taking right hooks from members of his own party, but do
the political brinksmanship of recent months that highlights america's governance becoming less stable, less effective, and less predictable. we believe this characterization still holds. do you know this congress, your congress, has done more harm than good? do you feel embarrassed being part of a congress that ranks up there with the do-nothing congresses of all time? >> i think america should be embarrassed by its leadership in washington, d.c. but that extends to the white house, senate, and house of representatives. this has been the most predi predictable disaster coming at us for a number of years, and certainly months. and the fact that we have been unable to do things and instead worried about our next elections instead of the next generation of americans, i think it's sinful and i hope that people turn out those who have been responsible for it. >> congressman, you're a straight shooter, we always appreciate you coming "outfront." >>> next, mixed feelings about gun crot. most americans support a ban on assault weapons but also support the nra. >>> plus, allegations of child abuse a
geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the senate is coming back and the house of representatives is going to have a conference call for all republicans later on today and then yesterday, we saw the secretary of the treasury, tim geithner, announced the $16.4 trillion debt limit is going to be reached by monday, that was a little bit surprising to people who haven't been following this kind of thing and raises the stakes for the fiscal cliff end game because the white house had wanted a debt ceiling deal as part of the overall deal here on the fiscal cliff. republicans have been resisting that by announcing the debt ceiling limit will be held on monday, ratchets up the pressure to include the debt ceiling piece in the final package, whatever that may be, but still
base is just too great not to have a solution. so, you know, what makes this government work, is compromise, and, it is when you don't compromise, there is stasis -- >> you say 400,000 you could live with, not happily -- >> isn't that the question i will get asked? where does the money go? let's say it is $400,000. people vote $400,000, pay 39.3. >> chris: which is roughly $600 billion. >> if i'm asked at home, senator graham, what will we do with the money, what will i say. >> it is added to make up the deficit that everyone has been discussing -- >> it goes for -- >> not new spending. you know, you gets down to another thing, which was a very bad idea, and that is sequester. and whether sequester goes into effect or not. >> chris: well, that -- >> that is the 800 pound gorilla. >> chris: let me ask you about that. i enjoyed your brief state as the host of fox news sunday. >> i think it is a good jeegs i do, too. senator graham, all washington has been talking about is the tax side of the cliff. let's talk about intending side of the cliff, there is still as part of the clif
wants to do is put every gun sale in the country under the thumb of the federal government. congress debated this at length. they said if you're a -- a hobbyist or collector, a hunter in virginia wants to sell the gun to another hunter, they ought to be able to do it without being under the thumb of the federal government. >> if you want to check and screen more thoroughly for the mentally ill, why not screen more thoroughly for everybody and eliminate the fact that 40% with buy a weapon without any background check? >> we don't prosecute anybody under the gun laws right now. >> that's not responsive to the question. i hear you saying you can't do anything about high capacity ammunition magazines because it simply won't work yet you're proposing things that might not work. you're standard is anything that has a chance of working we ought to try except when it has to do with guns or ammunition. don't you see that people see thoo as a complete dodge? >> nra supports what works. we have supported prison building, supported projects where every time you catch a criminal with a gun, a dru
tack to the center where i'm going to govern for all of you. are you coming back? >> i'm going to. >> the jacket is coming off, though, right? >> christmas eve and i'm celebrating. as you know, we had the tree going this weekend with the lights on. >> that's so nice. there's one other thing i sought on that thing over the weekend that you brought us that i was going do -- oh,no. did you see mitt romney did not want to run? >> i saw that. that was in the boston globe. that was a great piece worth reading. then he found out how bad things were going on his ipad. >> yeah. but maybe he didn't want to run because there were times i really kind of thought it looked like he didn't want to run. >> yeah, but towards the end, i thought he did. >> he tried hard. thanks. >> okay. >> come over here. >>> in other news, a dock worker strike on the atlantic and coast could be just days away. port operators have been negotiating with the long shoreman association since march. but the two sides are said to be far from closing on a deal that would cover cargo handling at 15 ports, a 9d 0-day extensi
government, not raise taxes. it's not for 500 years or two generations. it's only as long as you're in the house or the senate. if he stayed too long, that's his problem. but you don't tell the bank, oh, the mortgage, wasn't that long time ago? if you make a commitment, you keep it. >> coming up, was mitt romney done in by his own party? when we come back, the republican presidential candidates who may have inflicted mortal damage on him rather than president obama. >> i'm just going to go back to the empty chair, which was going to be todd akin, who was going to talk to me about what hide said about rape and women. since it's just the chair, my obvious question would have about why are you such an offensive idiot to women? and the second obvious question, which again has to go to the chair unfortunately, would be why haven't you resigned yet? anyway, let's leave it there, shall we? they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. make a wish! i wish
geithner sent a letter to harry reid, the senate majority leader, saying the united states government will hit its statutory debt limit on december 31st. that is the same day that we would go over the fiscal cliff. now the treasury has certain steps they can take to avoid breaching the debt ceiling that will carry the government through february or march, but at the moment in a technical sense treasury secretary geithner is telling the congress we're hitting the debt ceiling at the end of this year which is the part of the, as i mentioned, part of an effort to get congress to step in and act, not only on the fiscal cliff but on the debt ceiling, bill. >> thanks very much for the breaking news. we'll keep monitoring the situation. thanks, john harwood. a look now at financial sector and whether or not you should put your money in the banks. >> 12 months ago there was a lot of buzz about the regionals, but now it's the big banks that have done really, really well. we have the president and ceo at bell rock capital and jeffrey hart. welcome back. >> cassandra, how did we get that wrong,
with this spending problem we have in this country. nothing. he's fixated on what may help what funded the government for seven days a year. completely ignoring the other 358 days a year. you have to focus on really what's going to save this country, and we are not there. the president is doing nothing about the addiction that his administration has to spending. he's the spender in chief. >> i can't let the senator say what she said and not correct the record. those $700 billion, this wonderful savings went into obama care. the idea that you save money in medicare, it was saved as part of a big spending program. >> we cut overpayments to insurance companies. >> again, here in washington people say cut while things grow. >> slowing the growth? >> yes. it's sort of like satisfiesing you have a freeze, but it's water and when water freezes it expands. we've grown 100% in 12 years. the government. the government is sig bbigger, unless we do something it will get bigger and the deficit will get bigger even if we raise taxes on everybody. we still have a huge deficit. if we do not take on spending, then th
the government should have stayed in place and kept working on it. as a freshman member of the congress, i don't have the pull or the power to say when we're going to be there, when we're not but i will say this, that the u.s. house of representatives has acted. we're waiting for the senate to act and i believe that as soon as they act we'll be back in town to find some forge -- some pathway forward. >> well, a senior white house official told cnn tonight to that point, they said we believe strongly a reasonable package can get majorities in both houses. the only thing that would prevent it is if speaker mcconnell and speaker boehner don't cooperate. do you think mcconnell and boehner are in the mood to cooperate with president obama? >> i do believe they're in a mood to cooperate. they've talked -- and speaker boehner's talked for a long time about a grand bargain, about a big deal, about trying to find some major solution going forward. but the senate hasn't acted on anything, so i think we have to be careful on just placing the blame on mcconnell or boehner. without adding in to this mix, s
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government assistant secretary of the navy. >> but they were called the dutch clerk for years but the idea of having an assistant secretary would be the point of that? does nothing for them to do and the job of the chief clerk had already been promised elsewhere and lincoln was told -- >> your assessment of the commanders of chief, naval commanders in chief. >> i agree that both secretaries of the navy were very competent and i would disagree that they had little experience. i think being a lawyer in key west and then the chairman of the senate naval affairs committee is a lot of experience for steven mallory come and gideon welles had more experience of people getting credit because he was the navy at the time is administered by a series of bureau personnel and navigations in engineering. he was the bureau of clothing and provisions, which means he was a logistics guy for the navy the only civilian to have that job and everybody else was a navy capt. would be like having somebody on the joint chiefs of staff so he really did have some experience with that. there was a tendency on the part
to trim the size and scope of government, whether it was the bush tax cuts a decade ago or whether it was the debate over the debility ceiling just over a year ago is going to likely end up as an effort to expand the size and scope of government. that's something that can only happen in washington. >> eric: both of those guys make very good points. a lot of people are asking why would you say go over the fiscal cliff? i have a lot to lose if we go over the fiscal cliff. my taxes would go up. i'm heavily invested in the stock market. it will probably take a big hit. but in the long run, the only way to solve america's debt problem -- we have a debt problem. we have a very bad debt problem. we're on our way to $20 trillion in debt, maybe 25 in the next five to ten years. the only way to fix that is go over the fiscal cliff 'cause clearly democrats don't want to cut spending. they'll have to be forced into that and the only way that happens is hit the sequestration, the things that the fiscal cliff will bring of the that's why. i'll take the medicine, the pain now for a healthier econ
this israeli government is so spoiled and has shift sod far to the right it makes no effort to take u.s. interest into account. and i agree with that. when netanyahu moved and cut off any chance of a united west bank government, he basically took a step that was completely in the face of u.s. policy going back to george w. bush. >> that's true. i think one of the things to be keep in mind is this pre-nomination process seems to have gotten completely out of control. where congress has too much to say who the presumptive nominees that any president offers forth. over history only 20 cabinet nominees have been knocked back. seven have been rejected and 13 have withdrawn those names. seven of those have happened under the past three administrations. so i think there's something wrong with this whole process where a presumptive nominee is litigated in public and the -- >> how do you avoid this? how do you do it? >> he's got to make a decision. obama has either got to nominate him when he gets back to washington tomorrow or move on. >> is this the vetting process we've got now? in other wo
of government, so if going forward we're going to reach a balance, where we both cut spending and raise revenue, we have to achieve the right balance of those, so if there are folks in the other party, the republican party, who feel strongly that we should not allow income tax breaks of the last decade to continue, that's fine. i think they simply need to be willing to balance that with some of the democratic priorities like extending unemployment insurance benefits for nearly 2 million unemployed americans who will lose them tomorrow. >> thank you senator chris coons for joining us. >> thank you. >> coming up, former president george h.w. bush is out of icu, and the how the oak ridge boys may have helped lift his spirits. >>> and with less than 30 hours to go before the fiscal cliff, we're watching capitol hill for any kinds of a deal today. you're watching msnbc, the place for politics. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of prot
to see i increase my interest because these guys can't run a government, you're looking at going toward a recession where we're playing politics in washington. this is very serious. this is not just beltway rhetoric here. i think that people need to understand to the point of calling their congressional representative in outrage today saying, we should not be at this point. they're playing politics with the actual livelihood of families. this is not something that it will be all right a week or two or three or four. we start to go down that cliff, we don't know whether the momentum downward is going to be very, very damaging. >> yeah. >> maybe. >> you got na smirk on your face. >> maybe. i agree with the reverend that they're playing politics with livelihoods, because it is a huge risk. you're right about that. i disagree a little bit on the sort of dramatic, immediate impact of it. what we could get -- this is a possibility, and i'm trying to be optimistic because it's towards the end of the year. it's been crummy for a lot of people. we could get a deal the third week of january where
is not the right solution. we can still count on government to disappoint us each and every time that we need their support, that's a beginning, yet we've had two 10% corrections already this year in stocks, including dividends. they are up close to 14%, and this type of environment, where you're probably going to see another 3% to 5% selloff because of this fiscal announce, fiscal irritation, and when you get that, you should take that money and put it to work. simply because when you look at corporate america, the average company, bill, is generating a 16% to 17% return on equity, record free cash margins and a federal reserve that has the pedal to the metal. what you and i have talked about before repeatedly, $4 in taxes for every dollar in phantom spending cuts. that's fiscal irritation, but the health of corporate america will be what ultimately prevails. >> sounds like david has been reading your book, rick santelli. >> it does. >> big fan of rick. >> this is such a perverse world we live in, okay. let's look as what's happening. down 158 in stocks and that pushed the ten-year yield und
value, at the turn of the 20th century where government spending was 9% of gdp, we're now at 25%. there are some that say, take what we give you and retrofit government to the size of 19% or 20%. do that first. he just wants to shrink what it's grown to, this unwielding federal government that -- don't you think 25% needs to come down? >> well, part of that is cyclical. >> okay. so at 3%? >> 21, 22. >> i would say 22. >> so we have to get it down to 20.5. >> the three big beasts in the budget remain medicare/medicaid, social security and defense. you have to cut almost everything else to zero to get close to balance or to make a big difference. so i think in today's world, given that those entitlements, even if you reform them and cut back back will increase as people like us eventually retire. it seems to me that sizing the government for something around 22 or so is probably doable. but not easy to get to. because you still have to have major cuts and major long titlement reform to get there. >> you see one of the major ceo guys, and i'm not going to quote which one, said yest
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